Paychex's (PAYX) Q4 Earnings Miss Estimates. Increase Y/Y

PAYX OMC EFX

Paychex, Inc. (PAYX - Free Report) reported mixed fourth-quarter fiscal 2023 results wherein earnings missed the Zacks Consensus Estimate while revenues beat the same.

Adjusted earnings of 97 cents per share missed the consensus estimate by 1% but increased 19.8% on a year-over-year basis.

Total revenues of $1.23 billion beat the consensus estimate by 0.9% and increased 7.5% year over year. Service revenues of $1.2 billion were up 7% year over yeaPaychex, Inc. Price, Consensus and EPS Surprise.

 

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